{"id":34703,"date":"2024-01-03T06:52:42","date_gmt":"2024-01-03T10:52:42","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=34703"},"modified":"2024-01-03T06:52:42","modified_gmt":"2024-01-03T10:52:42","slug":"xrp-price-could-rally-if-it-clears-this-hurdle-0-75-next","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/01\/03\/xrp-price-could-rally-if-it-clears-this-hurdle-0-75-next\/","title":{"rendered":"XRP Price Could Rally If It Clears This Hurdle \u2013 $0.75 Next?"},"content":{"rendered":"

XRP price is consolidating above the $0.600 support. The price could start a fresh rally if there is a daily close above the $0.650 resistance.<\/em><\/p>\n

XRP is attempting a fresh increase from the $0.600 support level.
\nThe price is now trading above $0.620 and the 100 simple moving average (4 hours).
\nThere is a key contracting triangle forming with resistance near $0.6380 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair start a fresh rally if it clears the $0.638 and $0.650 resistance levels.<\/p>\n

XRP Price Aims Higher<\/h2>\n

After a downside correction, XRP price found support near the $0.600 zone. The price formed a base and started a minor increase above the $0.612 level, but upsides were limited and less compared to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

The price spiked a few times above the 50% Fib retracement level of the key decline from the $0.700 swing high to the $0.578 swing low. However, the bears protected a close above the $0.650 resistance. It is now consolidating below $0.640.<\/p>\n

XRP is stable above $0.620 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.638 zone. There is also a key contracting triangle forming with resistance near $0.6380 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

The next major resistance is near the $0.650 zone or the 61.8% Fib retracement level of the key decline from the $0.700 swing high to the $0.578 swing low. A close above the $0.650 resistance zone could spark a strong increase.<\/p>\n

<\/a><\/p>\n

Source: XRPUSD on TradingView.com<\/a><\/p>\n

The next key resistance is near $0.672. If the bulls remain in action above the $0.672 resistance level, there could be a rally toward the $0.700 resistance. Any more gains might send the price toward the $0.720 resistance.<\/p>\n

Downside Break?<\/h2>\n

If XRP fails to clear the $0.638 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.610 zone and the triangle trend line.<\/p>\n

The next major support is at $0.600. If there is a downside break and a close below the $0.600 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.550 support zone.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish zone.<\/p>\n

4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $0.610, $0.600, and $0.550.<\/p>\n

Major Resistance Levels \u2013 $0.638, $0.650, and $0.700.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

XRP price is consolidating above the $0.600 support. The price could start a fresh rally if there is a daily close above the $0.650 resistance.<\/em><\/p>\n

XRP is attempting a fresh increase from the $0.600 support level.
\nThe price is now trading above $0.620 and the 100 simple moving average (4 hours).
\nThere is a key contracting triangle forming with resistance near $0.6380 on the 4-hour chart of the XRP\/USD pair (data source from Kraken).
\nThe pair start a fresh rally if it clears the $0.638 and $0.650 resistance levels.<\/p>\n

XRP Price Aims Higher<\/h2>\n

After a downside correction, XRP price found support near the $0.600 zone. The price formed a base and started a minor increase above the $0.612 level, but upsides were limited and less compared to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

The price spiked a few times above the 50% Fib retracement level of the key decline from the $0.700 swing high to the $0.578 swing low. However, the bears protected a close above the $0.650 resistance. It is now consolidating below $0.640.<\/p>\n

XRP is stable above $0.620 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.638 zone. There is also a key contracting triangle forming with resistance near $0.6380 on the 4-hour chart of the XRP\/USD pair.<\/p>\n

The next major resistance is near the $0.650 zone or the 61.8% Fib retracement level of the key decline from the $0.700 swing high to the $0.578 swing low. A close above the $0.650 resistance zone could spark a strong increase.<\/p>\n

<\/a><\/p>\n

Source: XRPUSD on TradingView.com<\/a><\/p>\n

The next key resistance is near $0.672. If the bulls remain in action above the $0.672 resistance level, there could be a rally toward the $0.700 resistance. Any more gains might send the price toward the $0.720 resistance.<\/p>\n

Downside Break?<\/h2>\n

If XRP fails to clear the $0.638 resistance zone, it could start a fresh decline. Initial support on the downside is near the $0.610 zone and the triangle trend line.<\/p>\n

The next major support is at $0.600. If there is a downside break and a close below the $0.600 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.550 support zone.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for XRP\/USD is now gaining pace in the bullish zone.<\/p>\n

4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $0.610, $0.600, and $0.550.<\/p>\n

Major Resistance Levels \u2013 $0.638, $0.650, and $0.700.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-34703","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=34703"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34703\/revisions"}],"predecessor-version":[{"id":34709,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34703\/revisions\/34709"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=34703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=34703"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=34703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}